PREMIER OIL ANALYSISPremier Oil a UK oil contractor, doing well recently with OIL beginning to regain lost ground since covid. appears to have made a double bottom. technicals dont always work in your favour in Shares but its looking likely to my eye and as such has earnt a small percentage position in my stock portfolio.
FTSE
FTSE to retraceI believe this will retrace to the previous highs between 0.5 and 0.618 of Fibonacci and find support at this level
FTSE and all Stocks - Don't BUY!!!! - They will plummetHello all
DuncanForex here with a trade idea - with no advertising about anything so the post will stay active.
With the power move during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance.
The FTSE broke out of its downward consolidation long and is now progressing higher over the past few months to the 61.8 Fib retrace.
Don't be fooled by this Bullish move that occurred this week, the price is right in the middle of the 61.8% and 78.6% zone, it will consolidate again and i still think based on my analysis, the CD move will be completed and the FTSE will ultimately go down to 3500 area.
Price is about to touch dynamic resistance shown by the blue diagonal line which shows the long term uptrend broken at the start of the year, price is now pulling back up to this zone to then head down again.
I had shorted the market as per my related ideas below, and i now have new entrys that you can see in the picture. (if you zoom in)
I do expect a bit of sideways movement, also some stop hunting, however my analysis for me suggests all stocks are going to plummet very soon. and this is my view for the next few years.
Stay safe and safe trading
Duncan
GBPJPY H1GBPJPY H1 - Bit of a consolidation break seen amongst GBP pairs this morning, yesterdays selloff influenced by the UK third national lockdown confirmation (selloff was seen ahead of the announcement), consolidation seen over the eastern, and bearish resumption seen as we catch EUR/LON volume during their opening hours. Currently on support here on GJ. Lower timeframe analysis here, look at maybe a retest of consolidation before breaking support.
FBMKLCI / FTSE Bursa Malaysia Prediction. Where it will head up.Prediction 1 year from december 2020 - end of 2021.
FTSE Long LimitFTSE looking to stabilise after consolidation from rates announcements.
Long limit set at Bolinger Basis
I am still bullish FTSE! It's a pair I've trading within the indices that I have had great return this yr - great momentum trend towards it and with Brexit drama going on too, it has has great volatility.
Fun fact: When the first lock down occurred earlier this year in UK...A family relative was intrigued about me being a young trader - I had advised a distant family member to watch out for the FTSE it's a great buy at the areas of 5850! Let's hope they did listen to advice and if not - there's always chances in this beautiful market we've had this year! Let's hope to make plenty of pips for the end of this year and start the next year with great optimism within ourselves!
Let's get onto the technicals:
Pattern - Bullish Flag target area: 1.618
Resistance: 6860 & 7035
Support: 6140 & 6040
My target - 6800-7100 Areas!
One of the major investment banks did even announced UK assets are undervalued within options check out Rolls Royce has been a great trade to take as well!
Fundamentals to keep in mind: Brexit and what the indices has a large portion of companies energy based. Although, my target for Crude is 55 area.
All the best,
Trade Journal
Remember: Just a trade idea, not a recommendation
ALL STOCKS ARE ABOUT TO CRASHHello all
DuncanForex here with a trade idea - with no advertising about anything so the post will stay active.
With the power move during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance.
The FTSE broke out of its downward consolidation long and is now progressing higher over the past few weeks to the 61.8 Fib retrace.
Don't be fooled by this Bullish move, once it reaches 6600 area, it will consolidate again and i still think based on my analysis, the CD move will be completed and the FTSE will ultimately go to 3500 area.
You can see where i will be looking to short the market in the picture.
I do expect a bit of sideways movement, also some stop hunting, however my analysis for me suggests all stocks are going to plummet very soon.
Stay safe and safe trading
Duncan
07/12/2020 #FTSE $FTSE StrongTrend(Daily/Weekly/Monthly): Up/Up/Up
Depsite the selling in US futures, #FTSE remain resilient. But as the heading says, price is overextended. A pullback before further up is healthy. I will be looking at 6495-6507 and 6583-93 these 2 zones today.
Possible scenarios:
1) Price opens in RTH, rally to 6583-93 and fail, goes down to 6495-507. Watch for reaction.
2) Price opens in RTH, dips to 6537, get supported and rally. 6583-93 can still fail but probably less likely.
Support and resistance levels are indicated on the charts. Watch reaction around the levels and trade accordingly
Review of yesterdays trading on H1BO. December 4, 2020Reviewing what happened yesterday NFP day. -1R for me.
⚠️Possible drop on GBP pairs (FTSE too!)As the video explains, we believe that there is a decent chance for further bears on the GBP and possibly on the FTSE too.
The video also goes over a recap on GBPNZD sell from Friday night that ticked all of our boxes to short.
We trade using the RSI indicator, Fibonacci retracement and the Donchain channels. and wrap it all up with price action analysis!
learn more with us 👇
Review of yesterdays trading on H1BO. December 2, 2020Some interesting Price action yesterday... managed to get a read on it, but also missed a couple of signals!
Morning Daily Candlestick Analyses for H1BO: December 2, 2020.a brief analysis of the pairs we trade on H1BO.
Review of yesterdays trading on H1BO. December 1, 2020A review of yesterday's trades for the H1BO system.
FTSE 100 - Still holding our breath 🙏We are still waiting for the anticipated drop in FTSE100, Let's hope it happens.
ridethepig | FTSE Fundamental FlowsHere we are more or less back to square one as to where we were in July and testing away at the resistance.
Buyers are showing a lack of tenacity!
If after the Brexit fact (does not really matter if its a deal or hard brexit deal) we can see the possible outflow pressure really start to make itself felt. The strong counter here should immediately come under pressure with the initial loss of market access and broader global slowdown.
Once again (and with slow and steady pace) start to build some sell side exposure, abandon the overweight UK equities position and employ the following manoeuvres. A test of the centre looks rolled up and ready to take. Make excellent use of the flow towards 5,600.
Thanks as usual for keeping the feedback coming 👍 or 👎
FTSE 100 - Rainy and BearishWe see FTSE 100 stuck on resistance and unable to break over. Drop is inbound (or at least that's what we think here)
ASTON MARTIN BREAKOUTDont post stock often on here, but aston martin looks like it wants to break out of the squeezing pattern and make some ground, good chance for a high percent trade here.
